Convergence Investment Partners LLC bought a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,418 shares of the company’s stock, valued at approximately $797,000.
A number of other hedge funds also recently made changes to their positions in CBOE. Brighton Jones LLC raised its holdings in shares of Cboe Global Markets by 10.1% during the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock valued at $213,000 after buying an additional 100 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Cboe Global Markets by 29.0% during the first quarter. GAMMA Investing LLC now owns 5,376 shares of the company’s stock valued at $1,217,000 after buying an additional 1,209 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Cboe Global Markets by 15.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,826 shares of the company’s stock valued at $6,196,000 after buying an additional 3,646 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Cboe Global Markets by 0.4% during the first quarter. Amalgamated Bank now owns 21,542 shares of the company’s stock valued at $4,875,000 after buying an additional 79 shares during the last quarter. Finally, Mather Group LLC. raised its holdings in shares of Cboe Global Markets by 34.2% during the first quarter. Mather Group LLC. now owns 734 shares of the company’s stock valued at $166,000 after buying an additional 187 shares during the last quarter. Institutional investors own 82.67% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on CBOE. Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the company an “outperform” rating in a report on Monday, August 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $254.00 price target on shares of Cboe Global Markets in a report on Monday, August 4th. Loop Capital set a $264.00 price target on Cboe Global Markets in a report on Wednesday, October 8th. Barclays boosted their target price on Cboe Global Markets from $256.00 to $264.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods boosted their target price on Cboe Global Markets from $243.00 to $248.00 and gave the stock a “market perform” rating in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Cboe Global Markets has a consensus rating of “Reduce” and a consensus target price of $235.46.
View Our Latest Research Report on Cboe Global Markets
Cboe Global Markets Price Performance
Shares of NASDAQ:CBOE opened at $238.27 on Tuesday. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month high of $255.27. The stock has a market cap of $24.92 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 1.75 and a beta of 0.44. The stock’s 50 day moving average price is $239.12 and its 200 day moving average price is $233.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39.
Cboe Global Markets (NASDAQ:CBOE – Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.Cboe Global Markets’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.15 EPS. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.
Cboe Global Markets Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a $0.72 dividend. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.63. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. Cboe Global Markets’s dividend payout ratio is currently 33.76%.
About Cboe Global Markets
Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.
Featured Articles
Want to see what other hedge funds are holding CBOE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cboe Global Markets, Inc. (NASDAQ:CBOE – Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cboe Global Markets, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Cboe Global Markets wasn’t on the list.
While Cboe Global Markets currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
7 Energy Stocks to Buy and Hold Forever
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Like this article? Share it with a colleague.
Link copied to clipboard.
